The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Credit Suisse downgraded the stock to "Neutral" from "Outperform" with a target price of Rs 755 per share.
Broader markets catch up with the benchmark indices, up 0.6% each. Reliance Industries, ITC and auto majors lead gains
Most sectoral indices gain smartly, Wipro bucks trend and drops a per cent
The private sector bank is planning to raise up to Rs 2,000 crore, through further issue of capital of up to 30 million equity shares or securities.
The standalone business of Coal India does not have significant operations
Q4 EBITDA or operating profit margins contracted almost 400 bps at 13.05% on qoq basis.
The board has recommended a total dividend of Rs 15 per share including special dividend of Rs 5 per share.
On Friday, the stock had surged as much as 21% on rumors that the company is planning to delist from the stock exchange.
Coal India, State Bank of India and Jet Airways in focus
Buying interest was visible in rate-sensitive sectors like banks and real estate
The company has received bids for 20.61 million shares representing 39.93% of total shares offered by the promoter till 1235 hours.
The management has indicated that Bajaj Finance would be applying for banking license and would be converting into a bank.
Metal, consumer durables and banks among key losers in late-noon trades
Ambuja Cements, ACC, Prism Cement, Shree Cement and Dalmia Bharat are up 1-3% on BSE.
BSE Realty and Power indices have gained by over 1% each. However, BSE Consumer Durable and Healthcare indices have declined by 1%.
In past two trading sessions the stock has gained 15% after MSCI has included the company in its index.
Q4 profit up 62% yoy at Rs 37 crore against Rs 23 crore due to lower raw material cost and interest cost
On the sectoral front, BSE Realty and Power indices have gained by 1% each. However, BSE Consumer Durable index has declined by nearly 1%.
Profits booking in financials, Reliance Industries and L&T weighs on the benchmark indices
Q4 profit up 86% at Rs 13.81 crore against Rs 7.41 crore in year ago quarter.